Harry Truman once complained he wanted to find a one-handed economist because he was tired of asking a direct question of those on his economic team, only to have them say, “One on the hand … but on the other hand.”
If there was one hand that noted economist Milton Friedman favored, it was the “invisible hand” of the free market.
Thursday marks the 102nd anniversary of Friedman’s birth. He died in 2006, but during his long career Friedman won over admirers (and drove his left-of-center critics crazy) with his direct and eloquent defense of capitalism. Read The Full Story
Rep. Frank Wolf (R-VA) took to the House floor yesterday to condemn the silence in Washington – in both the White House and Congress — regarding the massacres of Christians in Iraq (especially) and the rest of the Middle East. Read The Full Story
The Sixth Circuit will hear Green Party of Tennessee v Hargett, 13-5975, on August 7, at 9 a.m in Cincinnati. This is the case in which the Green Party and the Constitution Party challenged the 2.5% petition for a group to become a qualified party. The U.S. District Court had struck down that petition requirement last year. Read The Full Story
President Obama recently sent a small contingent of American troops back into Iraq in order to support a weak and corrupt Iraqi regime that has been losing territory to a group of rebel fighters known as the Islamic State in Iraq and the Levant (ISIS). The ISIS is a spin-off of the rebel fighters that have been allied with the American CIA in its covert war against Syria. Interestingly enough, groups like ISIS are labeled "rebels" when they fight for America and "terrorists" the moment they cross the line. The lesson in all of this is the same one that has been repeating itself time and again over the last half century in the Middle East: interventionism causes more problems than it solves. The latest drumbeat for even more war is being banged on behalf of the American puppet-democracy in Iraq, and the American government is doing what it does best: refusing to mind its own business. Is it possible that the United States could ever return to a foreign policy that involves the legitimate defense of the United States and its territories – nothing more, nothing less? This would cost less, achieve more, and facilitate peaceful relationships. Here are three reasons to stay utterly uninvolved with Iraq. Read The Full Story
The United States came out against a call by Iraq's Kurdish leader for an independence referendum, saying the country could only repel Islamic State radicals by staying united.
Massud Barzani, leader of the autonomous region, earlier told parliament to make preparations for a "referendum on the right of self-determination."
But the White House, which has been working behind the scenes to try to convince Iraq's Sunni, Shiite and Kurdish leaders to form a unified government in Baghdad, gave the idea a cool reception. Read The Full Story